Canon National Bank

816 Royal Gorge Boulevard
Canon City, CO 81212

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 21801
Date Established 1974
Assets $0.25 billion
Loans $0.15 billion
Deposits $0.22 billion
Capital $0.03 billion

Canon National Bank is an FDIC insured institution located in Canon City, CO. It was founded in 1974 and has approximately $0.26 billion in assets.

For a more detailed analysis of Canon National Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Canon National Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Colorado, Canon National Bank has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 21.07
Multifamily
Mortgages
8.60
Credit Card Loans 0.00
Consumer Auto Loans 0.07
Small Business Loans 34.95
Construction and Development Loans 2.00
Commercial Real Estate 58.77
Commercial and Industrial Loans 9.20
Farm Loans 0.35

Savings Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Canon National Bank, but see these great savings and CD rates:


Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Canon National Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Poli Mortgage Group Inc
NMLS ID: 1979
License#: MC-5501
3.875% 3.875% 0.00 $0 $1,176 Learn More
HomeDirect Mortgage
NMLS ID: 420821
3.888% 3.875% 0.13 $497 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Canon National Bank
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Branches

Canon National Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Canon National Bank Locations

Financial Details

Canon National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Canon National Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Canon National Bank U.S. Bank Average
4.35% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Canon National Bank had $299,000 in non-current loans and $983,000 in owned real estate. To cover these potential losses it had $26,543,000 in equity and $2,946,000 in loans loss reserves. That gives it a Texas Ratio of 4.35%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Canon National Bank U.S. Bank Average
9.42% 8.58

Canon National Bank has a Return on Equity of 9.42% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Canon National Bank U.S. Bank Average
10.56% 12.11

Canon National Bank has a Capitalization of 10.56% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Canon National Bank Balance Sheet Analysis

As of March 31, 2015, Canon National Bank had assets of $260,021,000, loans of $150,412,000, and deposits of $223,779,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Canon National Bank

Branches and Savings

Is Canon National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #21801.

Why does Canon National Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Canon National Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Canon National Bank a commercial bank?

Yes

Where are Canon National Bank locations?

See branch locations nearby.

Is Canon National Bank open on Saturdays?

Is Canon National Bank open on Sundays?

What time does Canon National Bank open?

What time does Canon National Bank close?

Are Canon National Bank ATMs Open 24/7?

Do Canon National Bank ATMs accept cash deposits?

Can Canon National Bank customers use other ATMs?

Do Canon National Bank branches have notaries?

Will Canon National Bank notarize my document?

What address for Canon National Bank should I put for incoming ACH transfers?

Will the Canon National Bank branch print checks?

Do Canon National Bank checks expire?

Does Canon National Bank require US citizenship to open account?

Can Canon National Bank close my account?

Does Canon National Bank Report to credit bureaus?

Does Canon National Bank Use Equifax?

What is Canon National Bank's ACH Routing Number?

What is Canon National Bank's SWIFT code?

Products

Does Canon National Bank offer mortgages?

Compare mortgage rates here.

Does Canon National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Canon National Bank offer personal loans?

Compare personal loan rates here.

Does Canon National Bank offer student loans?

Will Canon National Bank cash a check?

Will Canon National Bank redeem a savings bond?

Does Canon National Bank cash savings bonds?

Will Canon National Bank cash money orders?

Can Canon National Bank issue a money order?

Does Canon National Bank do currency exchange?

Background on The Bank

Who owns Canon National Bank?

How long has Canon National Bank been around?

Can Canon National Bank transfer to other banks?

Does Canon National Bank have quick pay?

Does Canon National Bank accept rolled coins?

Will Canon National Bank accept loose change?

Where is Canon National Bank headquarters?

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